He says the company will consider greenfield exploration, which is the development of new mines, once the market improves.
"We are a bit concerned with developing new greenfields because of the massive capital costs and overruns which have been part of the greenfields projects in Australia and other parts of the world. "When commodity prices pick up I can assure you we will be opening new mines in Australia, we have just got to find the right reserve and we will be developing that."
http://www.abc.net.au/news/2014-06-26/copper-glencore-cloncurry/5551544
Return Of Louie, page-72
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
